BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 49.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,963 shares of the company’s stock after purchasing an additional 24,452 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.06% of Hasbro worth $7,775,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in HAS. Valeo Financial Advisors LLC lifted its holdings in shares of Hasbro by 87.8% during the third quarter. Valeo Financial Advisors LLC now owns 1,283 shares of the company’s stock worth $118,000 after buying an additional 600 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Hasbro during the second quarter worth $136,000. Bbva Compass Bancshares Inc. acquired a new stake in shares of Hasbro during the third quarter worth $179,000. Cape ANN Savings Bank acquired a new stake in shares of Hasbro during the third quarter worth $205,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Hasbro during the third quarter worth $206,000. 86.20% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on HAS. BidaskClub raised Hasbro from a “hold” rating to a “buy” rating in a report on Saturday, September 15th. Zacks Investment Research downgraded Hasbro from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Stifel Nicolaus lifted their target price on Hasbro from $100.00 to $106.00 and gave the stock a “hold” rating in a report on Friday, October 5th. KeyCorp lifted their target price on Hasbro from $118.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, October 15th. Finally, Consumer Edge began coverage on Hasbro in a report on Monday, August 13th. They set an “outperform” rating and a $79.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Hasbro presently has a consensus rating of “Hold” and a consensus price target of $105.33.
In related news, Director Alan G. Hassenfeld sold 302,220 shares of the business’s stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $97.54, for a total value of $29,478,538.80. Following the completion of the transaction, the director now owns 30,945 shares of the company’s stock, valued at $3,018,375.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Wiebe Tinga sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $99.80, for a total value of $598,800.00. Following the completion of the transaction, the executive vice president now directly owns 44,559 shares of the company’s stock, valued at approximately $4,446,988.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 713,570 shares of company stock valued at $69,562,482. 9.90% of the stock is owned by insiders.
HAS stock opened at $83.93 on Friday. The stock has a market capitalization of $11.18 billion, a P/E ratio of 15.37, a P/E/G ratio of 1.78 and a beta of 0.95. Hasbro, Inc. has a 52 week low of $79.00 and a 52 week high of $109.60. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.41 and a quick ratio of 1.95.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, October 22nd. The company reported $1.93 EPS for the quarter, missing the Zacks’ consensus estimate of $2.23 by ($0.30). The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.71 billion. Hasbro had a net margin of 4.31% and a return on equity of 34.61%. The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period last year, the firm earned $2.09 EPS. On average, sell-side analysts predict that Hasbro, Inc. will post 4.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Thursday, January 31st. Hasbro’s dividend payout ratio (DPR) is presently 46.15%.
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Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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